What is the future value of the following cash flows at the end of year 3 if the interest rate is 6%? The cash flows occur at the end of each year. $$\frac { \text { Year } 1 } { \$ 5,180 } \frac { \text { Year } 2 } { \$ 9,600 } \frac { \text { Year } 3 } { \$ 2,250 }$$

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To find the future value of each cash flow at the end of year 3, we calculate:  Year 1: $5,180 * (1 + 0.06)^2 = $5,818.59  Year 2: $9,600 * (1 + 0.06)^1 = $10,176.00  Year 3: $2,250 * (1 + 0.06)^0 = $2,250.00  Adding these gives the total future value: $5,818.59 + $10,176.00 + $2,250.00 = $18,246.25.

What Is the Future Value of the Following Cash Flows Year 1$5,180 Year 2$9,600 Year 3$2,250\frac { \text { Year } 1 } { \$ 5,180 } \frac { \text { Year } 2 } { \$ 9,600 } \frac { \text { Year } 3 } { \$ 2,250 }$5,180 Year 1​$9,600 Year 2​$2,250 Year 3​

What Is the Future Value of the Following Cash Flows $\frac { \text { Year } 1 } { \$ 5,180 } \frac { \text { Year } 2 } { \$ 9,600 } \frac { \text { Year } 3 } { \$ 2,250 }$